We Can Drive it Home…
With One Headlight! The image this song evokes (for me) is someone driving on a desolate country road, late at night, white knuckling as they try to get their beat up truck to someone or something, having just had a fight with someone. I cannot think of better imagery for this market. We got the rise in yields we were looking for, but equities had barely responded until just recently. Since February 7th, the S&P is up just over 1%. I’m sure I missed a couple of “all-time high” closes on this simple chart and a number of intraday “all-time ... We Can Drive it Home…